UW spins out algae biofuel technology

The University of Washington is spinning out technology from the lab of biology professor Rose Ann Cattolico into a new company called AXI.

The startup presented at the most recent CIE Business Plan Competition under the name of Voltan Biofuel, taking the top award in the clean tech category. AXI is attempting to develop new strains of algae for use in biofuels.

It is based in Seattle, (corrected) and backed by Allied Minds, an early-stage investment firm that specializes in spinouts from universities.